India has lost the dispute over its subsidies on sugar exports at the World Trade Organization (WTO), brought by Brazil, Australia and Guatemala, Valor Economic reported.
Brazil to formally complain against India’s sugar subsidies at the WTO [Full subscriber]
Brazil’s trade chamber ‘Camex’ has approved an authorization for the country to open consultations with the World Trade Organization (WTO) Dispute Settlement Body, to challenge subsidies it says India gives to cane growers and sugar exporters, according to various press reports.
Brazil and China agree to discuss prohibitive import tariffs on sugar in December [Registered]
China and Brazil have agreed to meet up in the third week of December to discuss punitive tariffs which has seen Brazil’s exports to China dwindle from 71% of share to 8% over the past year, according to Valor Economico.
China unwilling to reduce duty on sugar imports from Brazil [Full subscriber]
Brazil has proposed that China introduce a quota for imports of Brazilian sugar that would face a 50% levy to solve a trade dispute between both countries but China is resisting the plan, reports Reuters.
Brazil challenges allegedly subsidy-driven Thai sugar regime at WTO [Registered]
Unica has contracted King & Spalding as independent legal council in Geneva and is also working with the Brazilian think tank Agroicone, to help with data on the Thai sugar industry.
USA – Sugar and HFCS producers settle their dispute out-of-court [Registered]
The dispute was over ad campaign about high fructose corn syrup. Several sugar producers including global leader ASR Group alleged in a 2011 lawsuit that a Corn Refiners Association advertising campaign describing high fructose corn syrup as “corn sugar” and “natural” was false.
Long standing patent feud between Gevo and Butamax settled [Registered]
This settlement ends all of the lawsuits and creates a new relationship between the companies, aimed at leveraging each other’s strengths and accelerating development of competitive supply for biobased isobutanol.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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